The Company of Others Finance Manager Interview Questions and Answers

Q1. Which codes used in SAP
Ans. 
Various codes are used in SAP for different purposes such as transaction codes, object codes, and authorization codes.
• Transaction codes are used to access specific functions or transactions in SAP (e.g. FB50 for posting a journal entry).

• Object codes are used to classify different types of objects in SAP (e.g. GL accounts, cost centers).

• Authorization codes are used to control access to different areas of SAP based on us
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SAP code use for finance

Q1. Introdue yourself Accounting knowledge (Accrul, Deferred,GST,VAT) Project previously done
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Q1. Technical questions Question on resume Breif about project
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Q1. Tell me about yourself and interest in finance?
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Q1. Tell me about yourself
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Q2. Have you done debt syndication
Ans. 
Yes, I have experience in debt syndication.
• I have successfully led debt syndication deals for multiple clients.

• I have a strong understanding of the debt market and the various financing options available.

• I have worked with banks and financial institutions to negotiate favorable terms for my clients.

• One example of my work includes securing a $50 million syndicated loan for a real estate development project.

• I am also exp...read more
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Q1. Tell me about yourself
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Q2. Reason for job change
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Q1. Fixing assets journal entries
Ans. 
Fixing assets journal entries involves correcting errors in recording asset transactions.
• Identify the error in the original journal entry

• Reverse the incorrect entry by debiting the asset account and crediting the original account

• Make the correct entry by debiting the correct account and crediting the asset account

• Ensure the entry is properly documented and approved by management
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Q2. IFRS vs US GAAP
Ans. 
IFRS and US GAAP are two sets of accounting standards used by companies worldwide, with key differences in principles and rules.
• IFRS (International Financial Reporting Standards) is principles-based, focusing on the conceptual framework and objectives of financial reporting.

• US GAAP (Generally Accepted Accounting Principles) is rules-based, providing specific guidelines and detailed rules for accounting treatments.

• IFRS ...read more
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Q3. Cash forecasting
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Q1. TDS related questions
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Q2. Expenses related questions
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Q3. Cash management
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Q4. Inventory Management
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Q5. SAP related purchase order
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Q1. Tell me about your self?
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Q2. About family background
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Q1. Entries in accounting
Ans. 
Entries in accounting refer to the recording of financial transactions in the appropriate accounts.
• Entries are made to reflect the impact of transactions on the financial position of a business.

• Each entry consists of a debit and a credit, with the total debits equaling the total credits.

• Common types of entries include journal entries, adjusting entries, and closing entries.

• Examples of entries include recording sales re
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Q2. About tds and gst
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Q1. Which codes used in SAP
Ans. 
Various codes are used in SAP for different purposes such as transaction codes, object codes, and authorization codes.
• Transaction codes are used to access specific functions or transactions in SAP (e.g. FB50 for posting a journal entry).

• Object codes are used to classify different types of objects in SAP (e.g. GL accounts, cost centers).

• Authorization codes are used to control access to different areas of SAP based on us
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SAP code use for finance